What Is a Credit Card?

Plastic credit cards with many magnetic tapes are the end result of complex banking processes such as wallets or wallets. With this you can buy a fixed number of goods and services, the credit limit. The seller received valuable information from the cardholder. In fact, the issuing bank pays the seller and the last owner pays the bank for a fixed monthly payment. If the total amount has not been paid in full, the issuer may legally enforce the interest on the unpaid part.